As far as I have understood there are two different aspects here (just to clarify).
First, the significance of a small quadrupole, this means, a small amplitude in the spots of the quadrupole. This is sometimes interpreted as a possible indication of a finite geometry of the universe, but is not accepted as an evidence due to the cosmic variance problem.
On the other hand, the significance of the planarity of the quadrupole, this means, the spots of the quadrupole are located nearly on the same plane in the sky. This is the aspect which is treated in the paper of Tegmark. It seams that Tegmark computes the scalar product of the vectors pointing to the spots in the quadrupole and octopole and uses a statistical method to understand the relevance of the high value this product.
The intepretation of this is still unclear for me. Of course, this suggests that there is a non isotropic orientation of the quadrupole and octopole, as pointed out by Tegmark, but I still do not see which physical interpretation follows from this. For example, may be the density perturbations were aligned due to geometric constraints in the primitive universe? Any suggestions?